Exchange rate today, October 29, 2026: Naira records fourth consecutive appreciation against USD

The naira recorded its 4th consecutive time of appreciation against the dollar astatine the authoritative overseas speech marketplace connected Thursday.

Data from the Central Bank of Nigeria, CBN, showed that the naira strengthened further to N1,346.91 per dollar connected Thursday, from N1,347.53 recorded connected Wednesday.

This means that, connected a day-to-day basis, the naira gained N0.62 against the dollar.

DAILY POST reports that the naira has appreciated against the dollar passim the week truthful far.

Meanwhile, astatine the achromatic market, the naira extended its depreciation against the dollar, exchanging astatine N1,390 per dollar connected Thursday, compared with N1,385 connected Wednesday.

This comes arsenic the country's outer reserves dropped for the archetypal clip successful a agelong portion to $55.26 billion.

Exchange complaint ...